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Northern Petroleum – CEO Catch Up – Shares a strong buy

Tom Winnifrith
Tuesday 4 September 2012

I met up with Derek Musgrove, CEO of AIM listed oil and gas producer and explorer Northern Petroleum (NOP) last night. He is an opinionated man but we disagree on little and so the conversation was wide ranging. But I guess you do not wish to here a detailed analysis of our predictions for West Ham this season (Musgrove is a lifelong hammer) but about Northern Petroleum. I am afraid that it is pretty much steady as she goes. No fireworks are likely in the short term but the stock is just ludicrously undervalued at 67.5p – giving it a market capitalisation of £64 million.

For starters Northern sits on a cash pile of c£20 million

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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